Dispersed soil is highly sensitive to water and can easily disperse in low-salt water, leading to weakened structures and engineering issues. To investigate the freeze–thaw effects on the mechanical properties and microstructure of dispersed soils in western Jilin Province, we simulated 0, 1, 3, 5, 7, 9, 12, and 15 freeze–thaw cycles. Qualitative and quantitative analyses were performed using numerous methods, including soluble salt determination, density and water content determination, particle size analysis, dispersion identification tests, and scanning electron microscopy (SEM), to investigate the mechanism of deterioration in soil mechanical properties from various perspectives. The research findings indicate that the unconfined compressive strength (UCS) decreased from 156.843 kPa in the unfrozen state to 76.961 kPa and then stabilized. The freeze–thaw action resulted in particle fragmentation, increased soil porosity, and elevated crack content, thereby contributing to soil structure deterioration and strength reduction. Furthermore, the cohesion value (c-value) gradually decreased from 22.196 kPa in the unfrozen state to 7.997 kPa and then stabilized. The angle of internal friction (φ-value) started at 7.514°, peaked at 9.514°, and gradually declined. This comprehensive study provides valuable insights into the variations in soil mechanical properties under freeze–thaw cycles from multiple perspectives.